Wednesday, 24 December 2014

Treasury learnings

Things we didn't know before the latest set of Treasury working papers came out:

Income mobility in NZ is high: From one year to the next, over 60% of the population shifts income decile group; only 22% stay in the same income decile group eight years later. Remember that when looking at numbers for the bottom 10% or bottom 20%: this largely isn't persistent poverty.